Jul 18, 2019

UnitedHealth Group beats profit estimates again

UnitedHealthcare covers 39 million Americans in full-scale medical plans. Photo: UnitedHealth Group

UnitedHealth Group's second-quarter profit increased by 13% year over year to $3.3 billion, and revenue in the quarter rose to almost $61 billion as the health care giant restrained how much it paid for medical and pharmacy claims and sold more of its technology and consulting services.

The bottom line: UnitedHealth, on its own, now represents more than 6% of the entire health care economy. The company's footprint and control of the premium dollar will only grow as it acquires more doctors.

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UnitedHealth's political and financial heft just keeps growing

UnitedHealth's headquarters in Minnesota. Photo: Bruce Bisping/Star Tribune via Getty Images

UnitedHealth Group's stock fell 2.3% yesterday even though the company continues to print money and raised its profit projections for the rest of the year.

The big picture: Wall Street is quibbling over the "quality" of UnitedHealth's earnings beat, but that doesn't really matter. UnitedHealth remains the most financially powerful private entity in the U.S. health care system, and any reforms would be up against its growing empire.

Go deeperArrowJul 19, 2019

Wall Street punishes Anthem after positive earnings report

Photo: Photo by Drew Angerer/Getty Images

Anthem posted better-than-expected earnings and raised its profit expectations for the rest of 2019, so Wall Street responded by … selling off the stock, dropping Anthem’s share price by 4.5%.

What's happening: Investors are freaking out because the big health insurance companies — UnitedHealth Group, Centene and now Anthem — have indicated their medical costs are rising faster than projected.

Go deeperArrowJul 25, 2019

Health care's love-hate relationship with Big Tech

Illustration: Aïda Amer/Axios

Health care companies are trying to fend off tech giants with one hand while striking up partnerships with them with the other.

Between the lines: Whether health care companies love or hate big tech's encroachment into their territory is dependent on whether they stand to make or lose money should the tech companies succeed.

Go deeperArrowAug 9, 2019